"We have reached a pre-agreement to settle the unpaid debt
worth about $900 million," Prat-Gay told a news conference.

The bonds held by the Italian creditors amounts to about 15
percent of the outstanding debt owed by the South American
country stemming from its $100 billion default in 2002.
(Reporting by Buenos Aires newsroom; Writing by Richard Lough;
Editing by Chizu Nomiyama)